Why Some People Move Back from Florida: Relocating and Buying a Second Home

In recent years, I’ve seen clients and friends move back from Florida after initially relocating there. Moving is a big ordeal, involving timing the packing, selling, and closing of your home, finding and buying a new one, and then getting your belongings there. Movers aren’t cheap, and many people who relocate are older and not in the best shape for such a task.

Most people who move to warmer climates like Florida or Arizona don’t stay there permanently. They often maintain homes in both places, moving back and forth over the years. Why is this? It’s a fascinating observation. Do you know anyone who retired, moved to a warmer climate, and stayed there for good? There are a few, but not many.

Even purchasing a second home can be a shorter venture than expected. The neighborhood might not be what they thought, or the weather isn’t as expected. They may miss their grandkids or other relatives, or simply miss their cozy, familiar home.

Considerations Before Moving or Buying a Second Home

1. Visit Multiple Locations: My suggestion is to visit many places before making a decision. Once you have a few areas in mind, spend a few months there, either all at once or over a year or two. Make sure the weather is enjoyable and not just tolerable.
2. Proximity to Amenities: Ensure stores and restaurants are at a convenient distance. Also, make sure the neighbors and the overall neighborhood are enjoyable.
3. Costs: Look at taxes, HOA fees, insurance costs (homeowners, flood, hurricane), and the potential need to purchase a vehicle for the new home. Consider the costs of furnishing, remodeling, and redecorating.
4. Travel Logistics: Consider the location of the nearest airport, the number of available flights, and the cost of these flights.
5. Spousal Agreement: It’s crucial for both spouses to be on the same page. If one misses home while the other enjoys getting away, or if one hates flying or driving while the other is fine with it, it can lead to conflicts. If you can’t agree, it’s best not to proceed with the purchase to maintain marital harmony. Instead, consider compromising, such as letting the spouse who wants to experience another climate visit as they wish.

Planning and Budgeting

If you’re contemplating moving or buying a second home, it’s imperative to sit down with an expert and layout the true cost of this venture. Be honest about the costs and potential overages. You must have the money to handle any unforeseen expenses and the funds to move back if the relocation doesn’t work out.

Final Thoughts

Relocating or buying a second home can be an exciting venture if approached thoughtfully and with thorough planning. Make sure to account for all factors and costs involved, and ensure that both spouses are in agreement to avoid conflicts. By doing so, you can make a well-informed decision that meets your needs and keeps everyone happy.

Good luck with your venture! If you relate to this topic, it can be a fun and rewarding experience.